JLL Capital Markets successfully sourced financing for Goodyear Medical Plaza in Goodyear, Arizona
News release
05 December 2024
$13.4M refinancing arranged for Class A medical property in Arizona
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PHOENIX, Dec. 3, 2024 – JLL Capital Markets announced today that it has arranged a $13.4 million refinancing for Goodyear Medical Plaza, a 47,483-square-foot, Class A medical property in Goodyear, Arizona.
JLL worked on behalf of PMB, to secure the fixed-rate loan through a national healthcare real estate lender.
PMB redeveloped Goodyear Medical Plaza from a movie theatre to an award-winning medical outpatient building for Abrazo Health (part of Tenet Health, Fitch: B+) in 2019. The single-story building is 99% leased with Abrazo Health and affiliated tenants occupying approximately 49% of the space and providing services, including orthopedics, cardiology and a wound clinic. Other tenants at the facility include a state-of-the-art imaging center, internal medicine, pain management and physical therapy.
The property is strategically located at 1325 N Litchfield Rd, on the Abrazo West hospital campus, which is the largest hospital in northern Goodyear. Goodyear Medical Plaza sits just north of Interstate 10 in a busy commercial corridor approximately 17 miles west of downtown Phoenix.
The JLL Medical Properties Capital Markets team, including Director Daniel Digerness, represented the borrower in the transaction.
“We had a significant amount of lender interest in Goodyear Medical Plaza, due to the combination of a best-in-class sponsor, strong anchor tenant credit profile, a diversified tenant base and an on-campus critical location,” Digerness said.
JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About PNB
PMB is a purpose-driven healthcare real estate developer with a mission to improve healthcare delivery, effect change, and positively impact communities. The company is 100 percent focused on healthcare real estate across the continuum of care including behavioral health, life sciences, ambulatory care centers, medical office buildings, inpatient hospitals, post-acute hospitals, senior living communities and parking structures. PMB has developed over 130 facilities to date representing over six million square feet. The firm owns and manages 70 medical facilities comprising over 5.5 million square feet. For more information, please visit: pmbllc.com.